from The Century Dictionary and Cyclopedia

Etymologies

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Examples

In the past decade, so-called decimalization -- pricing stocks in pennies from fractions of a dollar -- and the automation of trading narrowed a broad field of retail market makers to the dominant five.

That month, then – SEC chairman Arthur Levitt, eager to push the market into the digital age, ordered exchanges to implement "decimalization" — i.e., allowing stocks and options to be listed in one-cent increments rather than 12. 5-cent ones.

In a decade or two when the post-mortem is written, it will be hard to disaggregate the relative contributions to our decline from patent law changes from our declining public education and the rest of the world's rising education quality, Sarbanes-Oxley, options expensing, immigration policy, the forced separation of research analysts from investment banking, decimalization of stock trading, and the myriad other forces that tilt the ecosystem against technology entrepreneurship.

This eliminated the traditional stock market-based system of trading in mostly quarters and eighths of a dollar and set the stage for decimalization, allowing today's shares to trade in one-cent increments.

The ranks of exchanges 'official market makers in recent years have thinned, especially since the 2001 switch to decimalization, namely pricing stocks in dollars and cents rather than dollars and fractions.